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GE to Supply Engines for South Korea’s New Fighter Jets

U.S. conglomerate secures deal estimated at $3.5 billion

May 26, 2016 5:45 a.m. ET

SEOUL—General Electric Co. has clinched a deal to supply engines for South Korea’s next-generation fighter jets.

The U.S. conglomerate beat Eurojet Turbo GmbH, a European engine maker, to provide the F414-GE-400 engines, South Korea’s Defense Acquisition Program Administration said Thursday. A final contract will be signed next month, it said.